IMF calls fiscal cost of credit crunch at $10 trillion

This is a shed load of noughts! The BBC has a report here on the latest estimates from the IMF of the cost to governments arising from the credit crunch:

Governments are likely to recover most of these sums when the world economy recovers, but big deficits will stay.

The financial bail-out costs include:

  * Capital injections: $1.1tn
  * Purchase of assets: $1.9tn
  * Guarantees: $4.6tn
  * Liquidity provision: $2.5tn

More here

Unit 2 Macro: Monetary Policy and Inflation Glossary [5 May 2012]
Unit 2 Macro: Fiscal Policy Glossary [5 May 2012]
Where does my money go? [20 Mar 2012]
Unit 4 Macro: Economics of Fiscal Deficit Reduction [12 Jan 2012]
Ten Things About Tax [23 Nov 2011]
US Budget Visualised [7 Nov 2011]
World Collapse explained in 3 minutes [17 Oct 2011]
Unit 4 Macro: EU proposes a “Tobin Tax” [28 Sep 2011]
Unit 2 Macro: Greece on the Brink of Default [25 Sep 2011]
EU Economics - Portugal Reaches for Bail Out [6 Apr 2011]
AS Macro Key Term: Fiscal Austerity [6 Apr 2011]
Economics at the Movies - Margin Call [23 Jan 2011]
Revision: Consequences of Unemployment [1 Jan 2011]
Using Google Docs - The Irish Financial Crisis [29 Nov 2010]
Why is the UK helping Ireland? [22 Nov 2010]
Fix the Budget - US Style [15 Nov 2010]
Economics at the Movies - Bank Run Scene from A Wonderful Life [30 Oct 2010]
Krugman attacks the coalition’s fiscal policies [22 Oct 2010]
Attaching Blame for the Financial Crisis [29 Sep 2010]
Stephanie Flanders and Robert Peston on the government spending review [4 Sep 2010]
Fiscal Austerity - Businesses in the Firing Line [10 Aug 2010]
Euro Land and Optimal Currency Areas - A Valentine’s Day Massacre [29 May 2010]
EU Economics: Eurozone crisis in graphics [26 May 2010]
Greek’s shadow economy and institutions [25 May 2010]
A2 Economics Revision - Data Description Revision on Fiscal Deficits [23 May 2010]
Roubini at the LSE - governments run out of policy bullets [20 May 2010]
Skeletons in the Fiscal Cupboard [17 May 2010]
AS / A2 Revision - Where Next for the UK Economy? [2 May 2010]
AS Economics Revision - Managing the Economy [2 May 2010]
A2 Economics Revision - From Budget surplus to deficit [1 May 2010]
AS Economics Revision - Dissecting the Recession [1 May 2010]
Detail of the “deepest spending cuts since the 1970’s” [27 Apr 2010]
Links to recent IFS Research [27 Apr 2010]
CEP analysis of the UK economy [23 Apr 2010]
Stephen King on connections between monetary and fiscal policy [7 Apr 2010]
A Long View on National Debt [23 Feb 2010]
Economists call for a fiscal tightening [14 Feb 2010]
Politics Pen - Palatable Taxes [11 Nov 2009]
Public debt and intergenerational equity [21 Oct 2009]
EU warns that UK’s Black Hole is unsustainable [15 Oct 2009]
Addressing the deficit [10 Oct 2009]
Is Keynes still relevant? [15 Sep 2009]
The Year that Shook the World [7 Sep 2009]
From Credit Crunch to Downturn [9 Aug 2009]
Economics Snapshot - The UK Budget Deficit [24 Jul 2009]
Jeremy Warner on the Paradox of Thrift [14 Jul 2009]
Cycles and Stabilisers [13 Apr 2009]
Q&A: What is fiscal retrenchment? [7 Apr 2009]
The Opportunity Cost of Debt [3 Apr 2009]
Q&A: Government deficit and current account deficit [30 Mar 2009]
Credit Crunch [7 Aug 2008]
Darling’s Tough Love [19 Jul 2008]
Revision: The UK Budget Deficit [1 Jun 2008]
Declan and Stephanie in Discussion [10 Apr 2008]
AZ of the Credit Crunch [5 Apr 2008]
The Weekend Papers [24 Mar 2008]
Sachs pins blame on Greenspan [22 Mar 2008]
Credit Crunch Mind Map [20 Mar 2008]
Mind Map: Credit Crunch [16 Mar 2008]
Economics: Sunday Paper Selection [16 Mar 2008]
Bear Stearns - The Tip of an Iceberg? [16 Mar 2008]
Credit Crunch in 3:07 [13 Mar 2008]
Sunset for the Rock [17 Feb 2008]
How the Banks Bet Your Money [15 Feb 2008]
Google - Profits up + Share Price Down [1 Feb 2008]

ECONOMICS TEACHER RESOURCE NEWSLETTER

Join over 6,000 other Economics Teachers in the UK and around the world who receive the tutor2u regular Economics Resource Email Newsletter. Get special offers, first news of latest resources, teaching ideas, conferences and workshops + loads of great ideas for teaching economics from our blog authors.